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FMBH-News
FMBH-Events
First Mid Reports Q2 Tangible Book Value Per Share of $31.15
Reports Q2 tangible book value per share $31.15. "First Mid delivered strong results for the period, highlighted by a record high quarter of earnings and a successful integration with Two Rivers. Despite the nonrecurring expenses tied to the integration, we grew our tangible book value at a solid pace and continued to deploy capital to build long-term shareholder value through opportunistic share repurchases, increasing our dividend, and paying off higher cost subordinated debt. The employees and customers of Two Rivers have embraced us like no other and I am really excited about our future," said Matthew Smith, Chief Executive Officer.
First Mid Bancshares Leadership Transition, Matthew Smith Appointed CEO
First Mid Bancshares announced a leadership transition as part of its long-term, board-led succession planning process. Effective July 1, Matthew Smith, President, will become CEO and President of First Mid and its subsidiary, First Mid Bank & Trust, N.A., and will be appointed to the company's Board of Directors. Joseph Dively, Chairman and CEO, will transition to Executive Chairman of the Board. Smith joined First Mid in 2016 as CFO and was named President in June 2025. Dively has served as Chairman and CEO of First Mid Bancshares, Inc. since January 1, 2014, and has been a Director since 2004.
First Mid Bancshares Leadership Transition, Matthew Smith Named CEO
First Mid Bancshares announced a leadership transition as part of its long-term, board-led succession planning process. Effective July 1, Matthew Smith, President, will become CEO and President of First Mid and its subsidiary, First Mid Bank & Trust, N.A., and will be appointed to the company's Board of Directors. Joseph Dively, Chairman and CEO, will transition to Executive Chairman of the Board. Smith joined First Mid in 2016 as CFO and was named President in June 2025. Dively has served as Chairman and CEO of First Mid Bancshares, Inc. since January 1, 2014, and has been a Director since 2004.
Company Reports Q1 Tangible Book Value Per Share of $30.04
Reports Q1 tangible book value per share $30.04. "We are pleased to start the year with such strong financial results, highlighted by record quarterly earnings per share and net income. We continue to build on the momentum of 2025 and are excited to welcome the new customers and talented employees following our acquisition of Two Rivers. The integration efforts for the merger of the banks are progressing as expected, and we remain confident that the strategic combination will enhance shareholder value as we continue to diversify our footprint into Iowa," said Joseph Dively, Chairman and CEO.
First Mid Bancshares Completes Acquisition of Two Rivers Financial Group
First Mid Bancshares announced that the acquisition of Two Rivers Financial Group has been completed. There are no immediate changes for Two Rivers' customers. The conversion of accounts from Two Rivers is expected to happen in June of this year. Customers will receive information well in advance of any changes that may impact them.
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